JPMorgan to cut nearly 500 tech jobs this week: report

JPMorgan Chase shed about 500 jobs this week, mostly at technology and operations groups. CNBC reported on Friday, citing people with expertise.

The bank did not immediately respond to a Reuters request for comment.

JPMorgan Chase has about 13,000 open positions, the report said, citing one of the people.

According to CNBC, JPMorgan Chase has about 13,000 open positions.

According to a government filing, the bank employed 296,877 people as of March 31.

On Thursday, JPMorgan notified 15% of employees at recently acquired First Republic Bank that they would lose their jobs, Bloomberg reported.

Shares rose 1.3%.

DUSTIN JONES6 days ago

DUSTIN JONES

DUSTIN JONES is a USTimeToday U.S. News Reporter based in London. His focus is on U.S. politics and the environment. He has covered climate change extensively, as well as healthcare and crime. DUSTIN JONES joined USTimeToday in 2021 from the Daily Express and previously worked for Chemist and Druggist and the Jewish Chronicle. He is a graduate of Cambridge University. Languages: English. You can get in touch with DUSTIN JONES by emailing dustinjones@ustimetoday.com.